OFAC Checker: An AML transaction monitoring app inside Salesforce
OFAC Checker is a Salesforce-native OFAC screening app that automates the business workflow by conducting unlimited OFAC checks on individuals and entities using any Salesforce standard or custom object. Cloud Maven, Inc., a Salesforce certified ISV partner and the recipient of the 2021 Salesforce partner innovation award, has developed this sophisticated app. Companies must conduct due diligence on every individual or entity wanting to do business with them to comply with OFAC requirements. This means that firms must understand the background of the individuals engaged in the transaction, as well as what types of transactions are forbidden and how to detect suspicious behavior. This can become problematic, especially if numerous parties from various nations are involved.
OFAC Checker monitors each transaction and screens all parties to ensure a compliant business transaction. It supports batch processing, allowing businesses to screen multiple profiles simultaneously, and offers a fully customizable OFAC dashboard to help businesses monitor and analyze reports. Its advanced reporting metrics provide consolidated reports on each activity via charts and graphs.
OFAC Checker supports both automated audit trails and continuous profile monitoring. It provides updated OFAC rules, regulations, and notices from all authorized agencies. The application takes minutes to install and generates real-time OFAC reports in less than 10 seconds, saving time and effort.
OFAC Checker only requires the name of an individual or organization to screen against the government watchlist and provides you with a comprehensive report. This sanction compliance checking solution is available for a free 30-day trial on Salesforce AppExchange. Contact info@cloudmaveninc.com for any questions, and follow on LinkedIn, Twitter, and YouTube for further information.
